A 50-year old Cape Town man is the envy of all South Africans.
He’s the winner of a record 2-hundred and thirty-two-million rand Powerball jackpot.
The man hopes to use the money to invest in his children’s pedagogy.
Well just how much will the lucky lotto winner walk away with?
And what are the tax implications of winning such a large sum, and how freely can the money be given away?
To assist me unpack this, I’m joined by Alex Gwala, a tax specialist from Deloitte.
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